7. Assume you entered a long position in ten April 2020 corn futures contracts at a price of 380 cents per bushel (there are 5,000 bushels in a contract). Ifthe next four days, the futures price of corn is 370, 350, 360, 370, using an initial margin of $2,000 per contract and a maintenance margin of $1 ,500 per contract, create a chart showing the value of the position after each day of settlement. (Note: include any margin calls that are appropriate). (8 points) If each corn futures is 5,000 bushels, then the initial position is 10 x 5000 x 3.80 = $190,000 Day Price Position Value 190,000 185,000 175,000 180,000 185,000 Daily Change Margin 0 1 2 3 4 Net 380 370 350 360 370 Margin Call 15,000 -5,000 -10,000 5,000 5,000 -5,000 20,000 15,000 5,000 25,000 30,000